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Updated about 2 years ago,
Loans and Loan requirement questions
Ive been diving deep into house hacking recently, and it seems a big benefit of house hacking is qualifying for a FHA loan. If you live in a property for a year you can qualify for a FHA loan that allows you to put as little as 3.5 percent down. My question lies with what type of credit score/income history is the sweet spot for most lenders to approve you for this loan ? Ive had a steady paying job for around a year with a 670 credit score at the moment, I am only 21 though which may play a affect in a lenders opinion ?